Discover how Keynesian and Neo-Keynesian economics differ in addressing economic growth and stability through fiscal and monetary policies.

In July 2024, after U.S. Vice President Kamala Harris entered the race to become president, a claim that her father is a Marxist economist began to circulate online (archived): Fun fact: Did you know ...

Wallace C. Peterson was an exemplary post-Keynesian institutionalist. He wrote about the foundations of economics in a manner that paved the way for today's post-Keynesian institutionalism. He ...

Continuous albeit oscillating economic growth has become a hallmark of modern economies. Arguing on the basis of theoretical models, some authors maintain that growth is even a systemic requirement of ...

Historical studies are enlivened by court intrigues, gossip and warfare. Language studies introduce students to rich literary traditions. The study of science or engineering offers the potential for ...

English starts at 2:00[/mark] Thomas Palley’s lecture. Milton Friedman’s influence on the economics profession has been enormous. In part, his success was due to politic ...

Keynesian economics is a macroeconomic theory that advocates for active government intervention to manage economic cycles, particularly during recessions and depressions. Developed by British ...

WASHINGTON - FEBRUARY 02: White House Office of Managment and Budget Director Peter Orszag testifies before the Senate Budget Committee about the Obama Administration's FY2011 budget on Capitol Hill ...

The fundamental principles of economics are based on human nature and do not change regardless of how they are interpreted. People behave certain ways on an individual and societal level based on the ...

Keynes challenged the fundamental theories of classical economics and influenced European and American economic policies throughout World War I, the Great Depression, and World War II. How did Keynes’ ...

Discover the concept of underemployment equilibrium in economics, its effects on unemployment rates, and why it persists. Explore Keynesian insights into economic downturns.

Just how important is money? Few would deny that it plays a key role in the economy.­ During the Great Depression of the 1930s, existing economic theory was unable either to explain the causes of the ...